Geithner vows U.S. will not devalue dollar

reuters ^ | 10/18/10 | Jim Christie and David Lawder

[KoRn]

lol!!

[Danae]

Check out zerohedge.com But be prepared to cry. Seriously.

[Oldexpat]

In Banana Republics the Minister of Finance always makes a statement that the shekel won’t be devalued the day before it is. In this case..the whole world is planning for the dollar to be devalued by helo Ben.

[goodnesswins]

THAT was MY first thought, also.

[CORedneck]

That S.O.B. is going to devalue the dollar, another former Goldman Sachs executive. He is so full of it he needs a septic tank !

[Silentgypsy]

Doesn’t monetizing the debt devalue the dollar?

[Silentgypsy]

Oops—please excuse. It’s late.

[dusttoyou]

Right you are. You know if nobama’s czar says it ain’t so, its already on the plan.

[meyer]

Like the US will have a choice. Let’s see - oil is up. Commodities are up. Food is up.

Nope - they’re not devaluating the dollar - it just doesn’t buy as much as it used to...

[Jane Long]

If the Obama Regime is denying it, that means it’s imminent.

Looks like you've broken their code, Pollster.

[DeaconBenjamin]

This is the same as when a Pro Football Team owner says this about a 1-5 Team Coach: “I’m behind him 100%!”

Jerry Jones? But (as a Redskins fan) I like that they have Wade Phillips as coach. And to think that his father was called "Bum"....

[Caipirabob]

"It is not going to happen in this country." Geithner told Silicon Valley business leaders of devaluing the dollar

He's going to do it from China?!?

[naturalborn]

[caww]

Agreed, but what would happen Hoodat, if they don’t print the money? I mean really...does it all fall apart earlier than it’s going to anyway?

[The Comedian]

And we all know how seriously members of this regime treat oaths, vows, and promises.

Bibles. Beans. Bullets. Band-aids.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Bean Counter]

When the Chinese Communists decide they have had enough of the ego-maniacal halfbreed boy-child in the White House and finally move to shove the dollar right up our collective a$$es, Turbo-Tax Timmy will still be singing this song right up until the time that the food riots overtake him and his family and the rioters make jerky out of them all.

Screw gold. Properly processed lead is much more valuable.

[M-cubed]

are there any Geithner bills out yet???
Ive had my “TAX CHEAT” stamp for ages now

[NVDave]

Timmy can talk a good game, but for him, it really is just talk.

Bernanke, on the other hand, has the power to decide whether the dollar goes up or down.

[NVDave]

Exactly.

And if it isn’t a viable strategy, then why is Japan following China? These two nations have dominated our consumer import markets for two decades now, and Geithner wants to claim (with a presumably straight face) that currency devaluation doesn’t work?

The idiotic babbling from the “free trade” adherents gets loonier the closer we get to the endgame.

[bmwcyle]

Timmy Geithner vowed that he would not cheat on his taxes until he can get away with it again.